LeBron James and Dwyane Wade played together during the All-Star game -- now, will they play together during the regular season?

[Updated at 8:26 p.m.] Investors on Wall Street may have been betting this afternoon that LeBron James will head to the New York Knicks.

Shares of the Knicks' owner, Madison Square Garden, rose 6.41 percent, or $1.30, to $21.57 Wednesday on Nasdaq. Much of the rise happened late in the session before the trading day ended at 4 p.m. ET.

David Joyce, a media analyst with Miller Tabak & Co., told Reuters that the rise is probably because of speculation that James may announce Thursday that he'll sign with the Knicks.

The Reuters report didn't give details about the speculation. But one thing that may have fueled the hopes of Knicks fans was a Twitter post by Phoenix Suns player Jared Dudley.

At about 2 p.m. ET, Dudley tweeted the following: "Breaking News!!! My sources tell me Lebron will announce that he will be goin to the NY KNICKS tomorrow on ESPN.. This is serious.. WOW!!!!"

Later Wednesday, he tweeted this: "That's what I'm hearing.. I don't care where he goes lol.. I personally thought he would stay in Cleveland.."

The first post was retweeted widely among Twitter users, including ESPN's Trey Wingo and Dudley teammate and former NBA MVP Steve Nash.

[Posted at 11:43 a.m.] LeBron James plans to tell us all where he plans to play next season live in an hour-long special his team is calling "The Decision" on ESPN tomorrow night.Ā Hereās what we know already:

Heās going to likely get a contract worth between 96 million and 125 million dollars.Ā He gets the higher amount if he re-signs with his hometown Cleveland Cavaliers, takes less if he changes teams.Ā Those are the leaguesā salary cap rules.

We donāt know why LeBron has decided to reveal his decision on a nationally televised hour-long special, (proceeds from the commercials are going to the Boys and Girls Clubs of America), more importantly we donāt yet know where itās going to take place. The location could be a key indicator of what heās decided.

He wouldnāt be expected to go on TV from his hometown Cleveland/Akron to tell the world he was going to Miami, Chicago, New York etc. And he probably wouldnāt do the show in one of those cities if he was going to stay in Cleveland.Ā Of course he could do it from a āneutralā site to build up the mystery.

And we donāt know if the news will hold until tomorrow night at 9 when the big show is planned.Ā Lots of respected NBA reporters have been following the story closely.Ā Here are some who might get the scoop if you want to follow along.

soundoff(265 Responses)

Holmes

Since he is making the announcement from CT, this must mean that he is going to the Knicks or else he would have made it in NJ. Since CT and NJ are both in metro NYC, it could still be any place – but, MSG's websites says they will be making a special announcement tomorrow so you know it's the Knicks. Mike had Chicago, Koba has Los Angeles, so to do it even bigger, Lebron has to have New York!

The guy's no Michael Jackson, that's for sure. At least MJ had the decency to let us know BEFORE he became a free agent if he was gonna stay or go. "Big-name" players don't belong in the free agency. Free agency is for players who are good enough to play the sport professionally, but no team has a spot for them, and they get called upon when a player retires (or gets arrested/banned from playing).

I know one thing for sure if he leaves Cleveland he will never be able to go back home, he'll be the most hated sports person ever, full of big talk about winning a championship and then never do it and walk out on His supposed home town. What a joke, hope he never wins anything will serve him right.

And now everyone Run to the tv tonight and stroke the elephant sized ego of this poor self absorbed kid! He is playing all of us.............sports fans, media, sponsors. He just wants the notoriety and 'green'. Ego and greed.........Think I'll watch NCIS reruns.

L. James can't do it on his own,he want's to play for a team that has 4 or 5 great players, he cant play for a team thats trying to win the big one, thats when your the best of the rest.so why dont they give him the ring and the money now.

Lebron james is not only a natural athlete, he's a natural athlete who is also beyond very good. However, if he leaves Cleveland, it will prove with absolute certainty that when it comes to being a man and being honorable, itis absolutely nothing. Athletic talents got him deals, money, and the perks that go with it but it's the fans who make these players what they are and give them what they have and if Lebron leaves Cleveland, he will be providing absolute proof that the fans mean absolutely nothing at all to him.

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